IIA-CIA-Part3 Free Practice Test

- (Exam Topic 2)
An investor has acquired an organization that has a dominant position in a mature, slow-growth industry and consistently creates positive financial income Which of the following terms would the investor most likely label this investment in her portfolio?

1. A. A star
2. B. A cash cow
3. C. A Question mark
4. D. A dog

Correct Answer: B

- (Exam Topic 2)
Which of the following concepts of managerial accounting is focused on allocating overheads to products?

1. A. Theory of constraints
2. B. Just-in-time method
3. C. Activity-based costing
4. D. Break-even analysis

Correct Answer: C

- (Exam Topic 2)
Which of the following data analytics tools would be applied by an internal audit activity positioned at the lowest level of maturity?

1. A. Workflow and data capture technology
2. B. Data visualization applications.
3. C. Software integrated with central data warehouse
4. D. Spreadsheets.

Correct Answer: D

- (Exam Topic 2)
Which of the following factors is most likely to lead to a lack of cohesiveness in a project team?

1. A. Prestige
2. B. Small size.
3. C. Competition
4. D. Common threat

Correct Answer: A

- (Exam Topic 1)
Which of the following would provide the most relevant assurance that the application under development will provide maximum value to the organization?

1. A. Use of a formal systems development lifecycle.
2. B. End-user involvement.
3. C. Adequate software documentation.
4. D. Formalized non-regression testing phase.

Correct Answer: B